Huate Gas(SH:688268) Sou Hu Cai Jing·2026-01-06 03:57Summary of Key Points Core Viewpoint - The company has issued convertible bonds named "HuaTe Convertible Bonds," which have been partially converted into shares, with a significant portion remaining unconverted as of the end of 2025. Group 1: Convertible Bond Issuance Overview - The company issued 6,460,000 convertible bonds with a face value of RMB 100 each, raising a total of RMB 646,000,000, with a net amount of RMB 638,178,132.08 after expenses [2] - The bonds are set to mature six years from the issuance date, specifically from March 21, 2023, to March 20, 2029 [2] - The bonds began trading on the Shanghai Stock Exchange on April 14, 2023, under the name "HuaTe Convertible Bonds" and code "118033" [2] Group 2: Conversion Status - As of December 31, 2025, a total of RMB 107,000 has been converted into shares, resulting in 1,273 shares, which is 0.00106% of the total shares before conversion [1][6] - The amount of unconverted bonds as of December 31, 2025, stands at RMB 645,853,000, accounting for 99.97724% of the total issuance [1][6] - During the quarter from October 1, 2025, to December 31, 2025, RMB 1,000 was converted into 12 shares, representing 0.00001% of the total shares before conversion [1][6] Group 3: Conversion Price Adjustments - The initial conversion price was set at RMB 84.22 per share, which was adjusted to RMB 83.81 on July 6, 2023, due to the completion of a stock incentive plan [2] - Further adjustments were made to the conversion price, with the latest being RMB 82.72 on July 3, 2025, following the repurchase and cancellation of certain restricted stocks [5]